Can I retire at age 51 with 1,010,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$83,405$82,662$81,937$81,230$80,539$78,401
2 years$41,290$40,521$39,775$39,053$38,352$36,213
3 years$27,253$26,481$25,737$25,021$24,332$22,259
4 years$20,236$19,466$18,730$18,027$17,354$15,363
5 years$16,027$15,262$14,535$13,846$13,192$11,288
6 years$13,222$12,462$11,747$11,073$10,438$8,624
7 years$11,219$10,466$9,762$9,104$8,489$6,764
8 years$9,717$8,971$8,279$7,637$7,043$5,405
9 years$8,550$7,811$7,130$6,505$5,931$4,381
10 years$7,617$6,885$6,216$5,607$5,053$3,588
11 years$6,854$6,129$5,473$4,880$4,346$2,963
12 years$6,219$5,501$4,857$4,280$3,766$2,464
13 years$5,681$4,972$4,339$3,779$3,284$2,059
14 years$5,221$4,519$3,899$3,355$2,879$1,729
15 years$4,823$4,128$3,520$2,992$2,535$1,456
16 years$4,475$3,788$3,192$2,679$2,240$1,230
17 years$4,168$3,488$2,904$2,407$1,986$1,042
18 years$3,895$3,223$2,651$2,169$1,766$884
19 years$3,652$2,987$2,427$1,960$1,574$752
20 years$3,433$2,776$2,227$1,775$1,406$640
21 years$3,235$2,586$2,049$1,611$1,258$546
22 years$3,055$2,414$1,888$1,465$1,128$466
23 years$2,891$2,257$1,743$1,334$1,013$398
24 years$2,742$2,115$1,612$1,217$910$340
25 years$2,604$1,985$1,493$1,111$819$291
26 years$2,477$1,865$1,385$1,016$738$249
27 years$2,360$1,756$1,286$930$665$213
28 years$2,251$1,654$1,196$852$600$182
29 years$2,150$1,561$1,113$781$542$156
30 years$2,056$1,474$1,036$717$490$134
31 years$1,968$1,393$966$659$443$115
32 years$1,886$1,318$901$605$400$98
33 years$1,809$1,248$842$557$362$84
34 years$1,736$1,183$786$512$328$72
35 years$1,668$1,122$735$471$297$62
36 years$1,604$1,065$688$434$269$53
37 years$1,544$1,012$644$400$244$46
38 years$1,486$962$603$369$221$39
39 years$1,432$914$565$340$201$34
40 years$1,381$870$529$314$182$29
41 years$1,332$828$496$289$165$25
42 years$1,286$789$466$267$150$21
43 years$1,242$751$437$246$136$18
44 years$1,200$716$410$228$123$16
45 years$1,160$683$385$210$112$13
46 years$1,122$652$362$194$102$12
47 years$1,086$622$340$179$92$10
48 years$1,051$594$319$166$84$8
49 years$1,018$567$300$153$76$7
50 years$986$541$282$142$69$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,010,000, adding $5,445 every year, while hoping to spend $43,560 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 48/34/18 Blend
50$1,010,000$1,010,000$1,010,000$1,010,000
51$1,118,637$1,065,107$1,049,452$1,166,422
52$1,186,390$1,070,949$1,038,261$1,205,986
53$1,259,594$1,075,618$1,025,235$1,244,055
54$1,338,759$1,079,010$1,010,267$1,284,463
55$1,424,446$1,081,015$993,244$1,327,448
56$1,517,271$1,081,516$974,049$1,373,271
57$1,617,910$1,080,388$952,558$1,422,223
58$1,727,111$1,077,500$928,642$1,474,629
59$1,845,691$1,072,713$902,166$1,530,846
60$1,974,552$1,065,876$872,989$1,591,273
61$2,114,686$1,056,834$840,964$1,656,349
62$2,267,184$1,045,419$805,936$1,726,565
63$2,433,246$1,031,453$767,744$1,802,462
64$2,614,192$1,014,750$726,219$1,884,640
65$2,811,477$995,110$681,184$1,973,765
66$3,026,700$972,323$632,456$2,070,574
67$3,261,622$946,165$579,842$2,175,883
68$3,518,181$916,401$523,141$2,290,595
69$3,798,511$882,780$462,142$2,415,712
70$4,104,962$845,039$396,626$2,552,340
71$4,440,119$802,897$326,364$2,701,706
72$4,806,830$756,058$251,116$2,865,166
73$5,208,231$704,209$170,633$3,044,221
74$5,647,775$647,020$84,653$3,240,531
75$6,129,264$584,139$0$3,455,932
76$6,656,885$515,199$0$3,693,817
77$7,235,250$439,806$0$3,972,509
78$7,869,439$357,550$0$4,278,269
79$8,565,045$267,993$0$4,613,901
80$9,328,230$170,675$0$4,982,500
81$10,165,780$65,109$0$5,387,482
82$11,085,172$0$0$5,832,617
83$12,094,640$0$0$6,340,482
84$13,203,256$0$0$6,925,096
85$14,421,011$0$0$7,567,385
86$15,758,915$0$0$8,273,169
87$17,229,094$0$0$9,048,861
88$18,844,909$0$0$9,901,526
89$20,621,078$0$0$10,838,948
90$22,573,816$0$0$11,869,702
91$24,720,990$0$0$13,003,236
92$27,082,282$0$0$14,249,960
93$29,679,378$0$0$15,621,342
94$32,536,171$0$0$17,130,019
95$35,678,985$0$0$18,789,912
96$39,136,827$0$0$20,616,363
97$42,941,654$0$0$22,626,272
98$47,128,679$0$0$24,838,264
99$51,736,700$0$0$27,272,859
100$56,808,468$0$0$29,952,667